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The Socialist Program with Brian Becker

Capitalism in Crisis: Why are Super-Rich Democrats Called "Moderates" When they Wage Class War vs. Low-Income Workers?

The Socialist Program with Brian Becker

The Socialist Program

Politics, News

4.7587 Ratings

🗓️ 10 March 2021

⏱️ 34 minutes

🧾️ Download transcript

Summary

Brian and Prof. Wolff discuss the Biden administration’s stimulus package. The Washington Post exultantly proclaimed that the bill “showers money on Americans.” Is this really true?

Richard Wolff is the co-founder of the organization Democracy at Work and the author of many books, the latest being “The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself”. You can check out his work at rdwolff.com.

Transcript

Click on a timestamp to play from that location

0:00.0

The Biden administration's stimulus package passed the Senate at the end of last week is now in

0:06.9

the House of Representatives setting the bill up to be signed into law as early as this week.

0:13.7

The Washington Post exultantly proclaimed that the bill, quote, showers money on Americans.

0:23.1

That's an actual front page headline.

0:30.3

We need a new system. We need a new society. We need to demand that which may have sounded impossible even a few weeks ago, but is not only realizable, but an imperative necessity. Deepening unemployment, a looming wave of evictions, massive and widening inequality, there's no denying it.

1:07.0

Capitalism is in crisis and capitalism is the crisis.

1:11.6

We are excited to have Professor Richard Wolve join us for our regular weekly segment

1:16.3

where we talk about the biggest stories related to the economy,

1:19.8

the state of the working class, and the crimes of big business.

1:23.6

The Socialist Program brings you content three days a week thanks to the support of our patrons

1:28.5

at patreon.com forward slash the socialist program. We appreciate all of your support and

1:36.4

encourage you to become a patron today if you enjoy listening to this show. Richard Wolfe is

1:42.2

the co-founder of the organization, Democracy at Work, and the

1:45.8

author of many books, the latest being, The Sickness is the System when Capitalism Fells

1:51.0

to Save Us from Pandemics or itself. Be sure to check out his work at R-D-Wolf.com and R-D-W-O-L-F-F.com.

2:01.4

Professor Wolf, welcome to the show.

2:03.9

Thank you, Ron. Glad to be here.

2:05.9

Thank you for joining us, as always.

2:08.5

We're declaring war on certain words this week, Professor Wolf.

2:13.3

One of the words that we've declared war on is the word moderate.

2:23.7

Every time we turn on the TV, CNN, MSNBC, you name it, open the newspaper,

2:27.8

Wall Street Journal, New York Times, Washington Post, they all say the same thing.

...

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